St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-11
SATURDAYS MARKET.
On the Chicago Board of Trade the 0per-
ators are All Agitated by the
Same Doubt
As to What the Clique Will Do With
Their Cash Wheat the LIST
/ of May.
A Large Sum of Money Said to Be
Ready to Meet the Con-
tingency.
transactions in the Financial Circles
of Wall Street-.General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, April 9.-The question most inn
portant 10 everybody in the wheat trade just
now is this: What will the clique do with
the cash wheat May l. If they pay for it
that will be proof positive that they are in for
corner" If they don't pay for it it is al
most equally positive that it is "shoe string"
transaction, being run on margins and has
got behind it neither the money nor the men
sufficient to run a great wheat deal No
body outside of the principals evidently
knows whether or not the cash wheat is to be
paid for May l. 1t is supposed that the clique
has the Eggleston cash wheat. There is about
100000 bushels of this which is carried by
the partner of kershaw, the master of cere-
monies on the floor for the clique. None of
the local banks who do boaUi of TRACE busi-
ness know of any arrangements for the pay
ment of the Il, 100000 bushels in store here
But this might be possible and yet the money
be here on May /. If it Is California clique
and they intend to pay out Sl2, 600 May l,
1t is likely that the Bank of Nevada will tele-
graph its correspondent about April ~ to
draw On it May l for
so MANY MILLIONS
and pay for wheat. 1t is rumor ed that the
Chicago National bank holds very large de-
post for the clique, and that it has sent word
10 various holders of cash wheat to come aud
see them. If the clique pays for the l2,50G 900
bushels here now there will probably be 49,
100000 May l. 1t will probably corner the
storage room. There are already % 600
bushels of grain here and not more than
100000 bushels more could be stored here
even if all the outside houses were made reg
Mar. But these things are what the whole
trade would like TO know, you know. The
government report made public to-day had
30 effect on the market, for the reason that
Il did not give the condition of the winter
wheat nearly as bad as the crowd had sup
posed 1t was. So far as the report goes it
shows the crop prospects are not sensationally
pad, and the trading public had gotten into
The way of thinking that the prospects were
ieplorable. The speculative tension WAS re-
ieved somewhat by selling by the clique
houses at 81 cents. Irwin, Green & Co.. and
Field. Lindley s. Co., were large sellers. When
The market dropped to S3R cents it was again
-pegged," kershaw s. Co. buying at this
igure. The day enabled the holders to get
VT good deal of wheat at the top, and to
Jake back good deal at the decline. II
don't believe" says Frank Dunn, "that the
clique wheat average them as high as s4c.''
THE ROUTINE REPORT.
The trading IN wheat was only moder-
lteiy active to-day, and reports from
the west show the need of rain in
many sections. This induced more general
buying for June and July deliveries, and
July was apparently the strongest future of
The list. The government report, estimating
the condition to be ~ per cent. lower than
last year, also had slight strengthening
affect. 1t was estimated that the visibl sup
ply would show decrease of about 1,000,0 900
bushels. May delivery advanced nc, but
closed ut yesterdays figures; June advanced
I5e, and closed &c higher: July advanced lie,
snd closed sc higher. Corn ruled shade
drmer early in the session. but broke off
under free sales and closed 5000 lower
than yesterday. Oats were steady aud q
shade higher. Pork was steady and I'M
changed, with only slight trading. Lard adj
RANGED 21a05c per 100 lbs, and short ribs ad-
Vanced sc.
THE QUOTATIONS..
&, Wheat-No. 2, April, opened at 1899. clos
ing at 7SAc; May, sac, closing at S31%c:
June. SIC, closing at SIC: July, S11sc. clos
ng at S1$4c. Corn-No. 2, April, 345sc, closing
Al 1890: May, 397sc closing at 404c; June,
II, closing at 4O54c: July, 1890, closing
at 421sc. Oats-No. April, 245sc, closing
at 2412c; May. 293sc. closing at 291ac; June,
6O1sc, closing at 293sc; July, 301sc, closing
go. 75 closing at S20.75; May, 81, closing
SCI; June, $21, closing at ST.. Lard, per
100 pounds-April, S7.2T1a. closing at S7.27%;
May, 1886. closing at S135; June, S7.421a, clos
ing at S7.421a. Short ribs per 100 pounds-May,
SS.11@, closing ut SS.l7%; June. $S.25, clos
ing at SS-271a; July. SIS. 323a, closing at $3.50.
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. spring,
sS14@S11ac; No. spring, 72@75c: No 2
red, s3c. Corn--No: 2. 3t93S1sc. Oats,
NO. - Sf12Wao12c hye-No <, o4L2c. BAR
ley-No. 2, SIC. Flax Seed-No. l, S1.O5.
Timothy Seed-Prime S1.65. Mess pork. per
Dbl, $20.5U02075. Lard, per 100 lbs, S7.271a
@7.30. Short ribs sides, loose, SS.O5@DS.G or;
dry sailed shoulders, boxed, S610@6.25; short
clear sides, boxed, SIS. 50@S.55. Whisky, dis
tillers' finished goods, per gal, $1.1S SUI
gar-Cut leaf. SIC: granulated, 6Hc;
standard A, 55Sc. Receipts-Flour, 10000
bbls; wheat, 10000 bu; corn, 419,0OC bu: oats,
$4,000 blu; barley, 1900 bu. Shipments
Flour, 10000 bbls: wheat, 81 900 bu: corn,
l2,OO0 bu: oats, $1,000 bu: barley, 1000 blu.
On the produce exchange to-day the butter
market was active; creamery, 2202Sc per ID;
dairy, 2l@26c. Eggs, 12@12%c.
r. Nj. NEWPORT & SON,
Investment Bankers, 152,153, 154 Drake Block,
LOAN Money Imnrnvnd Raal Estata rifr NJ